Guarantor means the Guarantor (if any) described in the Quotation who agrees herein to be liable for the debts of the Buyer on a principal debtor basis and if more than one, jointly and severally and on the terms set out in clause 7.

Price means the Price for the Goods and Services in AUS$ and unless

stated is exclusive of GST and freight costs;

PPSA means Personal Property Securities Act 2009 (Cth).

Quotation means the quotation provided by the Company to the Buyer (and the Guarantor, if any) which, together with these Terms and Conditions of Trade, form the agreement between the parties, clerical errors and omissions accepted.

1.2 Headings in this Agreement are for convenience only and will not affect their interpretation.

2. Orders and payment

2.1 The terms and conditions of this Agreement apply to every order placed by the Buyer with the Company for the Goods and Services immediately upon acceptance of that order by the Company. No other terms are accepted by the Company. Orders must be placed by the Buyer in writing referring to the Quotation number and subject to any conditions stated on the Quotation. The Buyer must satisfy itself that the quantities, descriptions and specifications in the Quotation are correct and that the goods including their specifications are suitable for the Buyer’s purposes before placing an order. The Company reserves the right to withdraw a Quotation at any time. The Company is not obliged to accept any order placed by a Buyer.

2.2 The Company will issue a tax invoice to the Buyer for the supply the Goods and Services pursuant to an order. Any tax invoice issued by the Company is issued as a payment claim pursuant to section 13 of the Building and Construction Industry Security of Payment Act 1999 (NSW) if applicable.

2.3 The Company has payment methods and the applicable payment method is stated on the Quotation:

(a) In respect of “Advance Payment”, the Buyer must pay the deposit specified on the Quotation when placing an order, and if not specified, the deposit is 30% of the Price (plus GST). The balance of the Price must be paid in full prior to supply of the Goods and Services and within 30 days of the date of the tax invoice.

2.4 If the Buyer is unable to accept delivery of the Goods on the shipment date, the Company reserves the right to charge a storage fee of 3% of the price (plus GST) per month until such time as the Buyer accepts delivery of the Goods.

2.5 Signature of any delivery note by the Buyer or any agent, employee, carrier or representative of the Buyer is conclusive proof of delivery. The Company may make delivery of any Goods by instalments.

2.6 The Buyer agrees to pay to the Company interest on any amounts due to the Company but unpaid after 30 days at the rate of 11.0% per annum, calculated daily until paid.

2.7 The Buyer agrees that all costs and disbursements incurred by the Company in recovering payment of any overdue invoice or in enforcing its rights under this Agreement including, without limitation, legal costs on a solicitor and client basis (Recovery Expenses) are recoverable against the Buyer as a debt.

2.8 The Buyer and the Guarantor hereby charge in favour of the Company any real property and personal property in which it has or they have an interest with payment of any outstanding invoices issued to the Buyer and any associated costs and expenses, including Recovery Expenses (Charge) irrevocably authorise the Company to lodge caveats to notify and protect that Charge in relation to any real property in which Buyer or the Guarantor have an interest. Where the Buyer or Guarantor is a corporation, if any tax invoice remains unpaid for 60 days or more, the Company may enforce the Charge by the appointment of a receiver by the Supreme Court of New South Wales and the Buyer and Guarantor each consent to the appointment of such a receiver.

2.9 The Buyer irrevocably consents to the Company obtaining information about the Buyer’s credit worthiness from it’s financial institutions, trade references or any credit reporting agency and to the Company providing details of any default or credit to any credit reporting agency.

2.10 Apart from the right of cancellation conferred by clause 6 below, no order from the Buyer may be cancelled by the Buyer except with the written consent of the Company and on terms agreed with the Company, including that the Buyer must immediately pay to the Company a cancellation fee of 25% of the Price (plus GST) or all costs and expenses which may have been incurred by the Company in providing or preparing to provide the Goods and Services to the time of cancellation, whichever is the greater.

2.11 If a Buyer wishes to alter an order placed with and accepted by the Company, the Company may accede to such a request on terms including an increase in the Price. Where no materials have been ordered and no work has been undertaken, there may be no cost for such alterations.

2.12 The Company may refrain from providing any Goods and Services, cease production and terminate this Agreement in accordance with clause 6 if the Buyer has not strictly complied with any term of this Agreement.

2.13 The Company reserves the right to charge a credit card processing fee of 1.5% of the Price (plus GST) in lieu of the merchant fees payable by the Company to credit card providers.

3. Title and risk

3.1 Risk passes to the Buyer upon delivery of any Goods associated with the provision of the Goods and Services.

3.2 Title in such goods does not pass to the Buyer until payment of the Price and any associated costs and expenses, in full. If goods are delivered prior to payment of the Price in full, until payment of the Price in full, the Buyer must hold the Goods as bailee for the Company and must insure and securely store the Goods in a manner such that they are readily distinguishable from other similar Goods of the Buyer or third parties.

3.3 Until payment of the Price in full, the Buyer grants the Company the irrevocable right to enter upon any premises owned or occupied by the Buyer to retake possession of the Goods without liability for any damage caused.

4. Force majeure

4.1 The Company will not be liable to the Buyer in any manner or be deemed to be in breach of this Agreement because of any delay in performing or any failure to perform any of the Company’s obligations under this Agreement if the delay or failure was due to any cause beyond the Company’s reasonable control.

4.2 The following will be included (without limitation) as causes beyond the Company’s reasonable control: (a) governmental actions, war or threats of war, national emergency, riot, civil disturbance, sabotage or requisition; (b) Acts of God, fire, explosion, flood, epidemic or accident; (c) import or export regulations or embargoes; (d) labour disputes not including disputes involving the Company’s work-force; (e) any kind of carriage, transportation or postal delay; or (f) inability to obtain or delay in obtaining supplies to enable the provision of the Goods and Services.

5. Warranties

5.2 Our goods come with guarantees that cannot be excluded under the Australian Consumer Law. You are entitled to a replacement or refund for a major failure and for compensation for any other reasonably foreseeable loss or damage. You are also entitled to have the goods repaired or replaced if the goods fail to be of acceptable quality and the failure does not amount to a major failure.

5.2 The Company will provide the Goods and Services in accordance with any applicable industry or statutory standards, any applicable literature regarding the Goods and Services as published by the Company from time to time and any specifications agreed in writing between the parties. This warranty does not affect the Buyer’s obligation to pay the Price. To the maximum extent permitted by law, the Company does not provide any other warranty in relation to the Goods and Services other than that in this clause 5. To the maximum extent possible, any other warranties that may be asserted whether express or implied and including through statute, are expressly negatived and excluded.

6. Termination

6.1 The Company may terminate this Agreement without cause and without prior notice at its absolute discretion.

6.2 Subject to clause 2.10, the Buyer may terminate this Agreement on 7 days notice.

6.3 Termination by either party must be notified in writing to the other party.

6.4 Upon the termination of this Agreement, the Buyer must immediately pay to the Company an amount equal to 25% (plus GST) of the Price as a cancellation fee or reimburse the Company for any amounts payable for work done in providing or preparing to provide the Goods and Services to that time, whichever is the greater. A tax invoice in this regard will be issued as in clause 2.2.

6.5 The termination of the Agreement is without prejudice to the rights and obligations of either the party accrued prior to termination.

7. Guarantee

7.1 The Guarantor unconditionally guarantees to the Company the due and punctual payment of all moneys due and payable to the Company by the Buyer and the due and punctual observance and performance by the Buyer of all its other liabilities, obligations and agreements (whether monetary or non-monetary, present or future, actual or contingent) to the Company.

7.2 If the Buyer defaults or fails in the due and punctual performance of any of its liabilities, obligations and agreements, the Guarantor unconditionally and irrevocably agrees to indemnify the Company immediately against any loss, cost, damage, liability or expense, whether direct, indirect, special or consequential and including legal costs on the indemnity basis, which may be incurred by the Company by reason of that default or failure.

7.3 The Guarantor’s obligations are principal obligations and the Company shall not be required first to make demand upon or proceed against the Buyer. This guarantee and indemnity will bind the Guarantor’s personal representatives.

8. Limitation of liability

To the maximum extent permitted by law, the Company’s total liability in contract, tort (including negligence or breach of statutory duty), misrepresentation or otherwise, arising in connection with the performance or contemplated performance of this Agreement is limited to the Price or provision of further similar Goods and Services at the Company’s absolute discretion.

9. Claims

Any claim by the Buyer for short delivery, damage or defective workmanship must be notified to the Company in writing within 7 days of delivery, failing which, no claim may be made. The Company shall have the right to inspect and if warranted, the Company shall have a reasonable time to repair or rectify (in the Company’s absolute discretion) the Goods and Services having regard to the time it takes to source products, parts or labour.

10. Indemnity

The Buyer indemnifies the Company and its officers, contractors, delegates, employees and agents for any and all loss, cost, damage, liability or expense, whether direct, indirect, special or consequential and including legal costs on the indemnity basis, that the Company suffers itself or incurs in relation to any third party, where the loss, cost, damage, liability or expense is caused by or contributed to by an act or omission of the Buyer or its officers, contractors, delegates, employees or agents for such things including but not limited to the use, installation and maintenance of the goods.

11. PPSA Registration

11.1 The Buyer agrees that all Goods supplied by the Company will be subject to a security interest as that term is defined in the PPSA and will treat the security interest in the Goods as continuing and subsisting security with priority over a registered general security and any unsecured creditors.

11.2 Accordingly, the Buyer grants the Company a security interest in the Goods and in any proceeds arising from the sale of the Goods or in any accessions in the Goods or if the Goods become an accession the accession and the Goods, to secure the Buyer’s obligations to the Company including, but not limited to, the Buyer’s obligation to make payment for the Goods.

11.3 The Buyer is responsible for all costs incurred by the Company in registering its interest under the PPSA and all costs of enforcement. The Buyer also agrees if needed to the unconditional ratification of any

actions by the Company in relation to the protection of the Company’s security interest.

11.4 If the Company, pursuant to PPSA takes all or any of the Goods in satisfaction of the Buyer’s obligations to the Company, the Buyer agrees that they will remain liable to the Company for the difference between the market value of the Goods at the time they are first able to be sold by the Company free from all rights and interests of the Buyer and other persons and the amount of the Buyer’s obligations for which they are in default.

11.5 The Buyer agrees that the Company has unconditional access to any premises where the Goods are stored, or where they are reasonably thought to be stored, and acknowledges that the Company has the right to take possession of these Goods. The Buyer forfeits any civil or criminal claims in respect of this, and exempts the Company from being liable for any damage that may occur in taking possession of the Goods.

11.6 The Buyer agrees to waive to the maximum extent possible at law the following rights under the PPSA:

a) receipt of a verification statement pursuant to section 157 and a statement of account under section 132;

b) to recover any proceeds under section 140;

c) to receive notice from the Company to dispose of collateral under section 130, to retain collateral under section 135 and to object to that notice under section 137;

d) to redeem collateral under section 142;

e) to reinstate a security agreement under section 143;

f) to not have Goods damaged or to be reimbursed in respect of such damage if the Company takes possession of an accession of Goods (section 92 and 93);

g) to refuse permission to remove an accession until security is given by the Company for reimbursement as per section 94;

h) to receive notice of removal of an accession under section 95;

i) to apply to court for an order concerning removal of an accession;

and

j) any other right in favour of the Buyer that can be lawfully contracted out of under the PPSA (including but not limited to the provisions listed in section 115)

11.7 The Buyer acknowledges that sections 96 and 125 do not apply to any security agreement created on the basis of the terms and conditions in this document.

11.8 The Buyer will immediately notify the Company of any change in its name, address, contact or personal details to enable the Company to register a financing change statement if required. In the absence of such notification, the address the Company holds in its records is deemed to be the relevant address.

11.9 The Buyer will immediately inform the Company of any changes made to its business practices which may affect the Company's interest/s.

11.10 The Buyer will not agree, encourage or allow any other person or entity to register a financing statement without the express written

consent of the Company and will notify the Company as soon as the Buyer is aware of any other person or entity taking steps to register an interest in the goods.

12. No assignment

Neither this Agreement nor any rights or obligations in this Agreement may be assigned or otherwise transferred by the Buyer without the prior written consent of the Company, which may be withheld in the Company’s absolute discretion. The Company may assign its rights or obligations without the Buyer’s consent.

13. Delegation

The Company may delegate or sub-contract the performance of any obligation under this Agreement without the written consent of the Buyer.

14. Governing law and jurisdiction

This Agreement and the transactions contemplated by this Agreement are governed by the law in force in New South Wales, Australia and the parties submit to the exclusive jurisdiction of the courts of New South Wales, Australia and all courts competent to hear appeals from the courts of New South Wales, Australia in respect of all proceedings arising in connection with this Agreement.

15. Arbitration of disputes

All questions, disputes or differences which arise between the parties with respect to this Agreement are to be referred to a single arbitrator in accordance with the provisions of the Commercial Arbitration Act 2010 (NSW) or any re-enactment or statutory modification of that law for the time being in force.

16. Variation and waiver

The terms of this Agreement may be varied only by a written agreement between the parties. No right or remedy under or arising from this Agreement may be waived other than in writing signed by all the parties. Accordingly, any non-exercise or partial exercise of, or any delay in exercising any right or remedy does not constitute a waiver of that right or remedy.

17. Severance

If any provision of this Agreement should be held to be void, illegal or unenforceable in any way, it may be severed or read down as appropriate and the remaining provisions will not in any way be effected or impaired thereby and this Agreement will be construed so as to most nearly give effect to the intent of the parties as it was originally executed.

18. Entire agreement

This Agreement (including the Quotation) constitutes the entire agreement of the parties about its subject matter and any previous document, understanding and negotiation on that subject matter ceases to have any effect.Page 2 of 2